Thailand set to sign free trade agreement with Sri Lanka

Prime Minister Srettha Thavisin is set to sign a free trade agreement (FTA) with Sri Lanka during his upcoming visit to the island nation this week, according to spokesperson Chai Watcharonke. This marks the 15th FTA for Thailand and the first since PM Srettha assumed office the previous year.

PM Srettha’s visit comes at the invitation of Sri Lanka’s Premier, Ranil Wickremesinghe, to partake in the country’s Independence Day festivities slated for tomorrow through Sunday. The FTA is a strategic move, intended to expand the reach of Thai commodities to fresh markets in South Asia, thereby speeding up the inauguration of gateways for trade and investment, stated Chai Watcharonke.

“Sustaining the existing markets while introducing Thai trade to newer territories aligns with our government’s proactive diplomatic policy.”

Despite its relatively…